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SOLD | 4 Units in Echo Park near Sunset Blvd

OVERVIEW

CLOSED ESCROW – 1/28/2020
4 Units in Echo Park near Sunset Blvd.
(Los Angeles, Ca)

1150 Laveta Terrace is located in the highly desirable Echo Park neighborhood in Los Angeles south of Sunset Blvd. This beautiful 4 unit property offers an investor and/or owner- occupier to acquire a rare investment opportunity in a strong rental market.

The property boasts a strong unit mix of (1) 2 bed/2 bath, (2) 2 bed/1 bath, and (1) 1 bed/1 bath units. The building was originally built in 1928 with a total size of 2,993 SF, sitting on 3,526 SF corner lot zoned RD2. There are 5 total garages.

Prime Location in Echo Park near Silverlake, Rampart Village, Koreatown, DTLA, Dodger Stadium, Staples Center, LA Live, Restaurants & Shops.

PROPERTY FEATURES

  • Month to Month Tenancy with Two Units Vacant.
  • Below Market Rents in a Strong Rental Area.
  • Property is Subject to Los Angeles Rent Control.

SUMMARY

Offering Price:
$1,399,000

Total Units:
4

Building SF:
2,993 sf

Lot Size:
3,526 sf

Year Built:
1928

Zoning:
RD2

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